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Forex Trend Analysis Report

Prepared for you on Sunday, August 18, 2019.

British Pound/Mauritius Rupee (FOREX:GBPMUR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_GBPMUR
Open High Low GBPMUR Price Change
43.5145 43.9030 43.5110 43.8760 +0.3615
Entry Signal

MarketClub’s Trade Triangles for GBPMUR

long term down The long term trend has been DOWN since Jul 17th, 2019 at 44.4980

intermediate term down The intermediate term trend has been DOWN since Jul 29th, 2019 at 44.3745

short term up The short term trend has been UP since Aug 14th, 2019 at 43.4265

Smart Scan Analysis for GBPMUR

Based on a pre-defined weighted trend formula for chart analysis, GBPMUR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for GBPMUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
43.5145 43.9030 43.5110 43.8760 +0.3615
Prev. Close Volume Bid Ask Time
43.5145 42.2340 45.5180 2019-08-16 15:55:55
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